TSXV:AVG

Stock Analysis Report

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Executive Summary

Avidian Gold Corp. engages in the acquisition, exploration, and development of gold properties in North America. More Details


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Avidian Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AVG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.1%

AVG

-2.5%

CA Metals and Mining

-1.2%

CA Market


1 Year Return

113.6%

AVG

53.1%

CA Metals and Mining

-4.5%

CA Market

Return vs Industry: AVG exceeded the Canadian Metals and Mining industry which returned 54.7% over the past year.

Return vs Market: AVG exceeded the Canadian Market which returned -3.8% over the past year.


Shareholder returns

AVGIndustryMarket
7 Day-2.1%-2.5%-1.2%
30 Day-19.0%-6.8%-0.03%
90 Day-39.7%-3.9%0.9%
1 Year113.6%113.6%54.3%53.1%-1.0%-4.5%
3 Yearn/a49.7%46.7%6.4%-4.0%
5 Yearn/a139.5%132.2%34.5%13.8%

Price Volatility Vs. Market

How volatile is Avidian Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Avidian Gold undervalued compared to its fair value and its price relative to the market?

136.42x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AVG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AVG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AVG is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.

PE vs Market: AVG is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AVG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AVG is overvalued based on its PB Ratio (136.4x) compared to the CA Metals and Mining industry average (2.9x).


Next Steps

Future Growth

How is Avidian Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.3%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Avidian Gold has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Avidian Gold performed over the past 5 years?

-1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVG is currently unprofitable.

Growing Profit Margin: AVG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AVG is unprofitable, and losses have increased over the past 5 years at a rate of 1.7% per year.

Accelerating Growth: Unable to compare AVG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AVG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.5%).


Return on Equity

High ROE: AVG has a negative Return on Equity (-921.55%), as it is currently unprofitable.


Next Steps

Financial Health

How is Avidian Gold's financial position?


Financial Position Analysis

Short Term Liabilities: AVG's short term assets ($1.0M) exceed its short term liabilities ($165.7K).

Long Term Liabilities: AVG's short term assets ($1.0M) exceed its long term liabilities ($610.1K).


Debt to Equity History and Analysis

Debt Level: AVG's debt to equity ratio (121.4%) is considered high.

Reducing Debt: AVG's debt to equity ratio has increased from 0.4% to 121.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AVG has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: AVG is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Avidian Gold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AVG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AVG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AVG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AVG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AVG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average board tenure


CEO

David Anderson

1.67yrs

Tenure

US$185,000

Compensation

Mr. David C. Anderson, B.Sc., APGO has been Chairman of Avidian Gold Corp.since March 2018 and also has been its Director since November 29, 2017. Mr. Anderson serves as Chief Executive Officer of Avidian ...


Board Members

NamePositionTenureCompensationOwnership
David Anderson
CEO & Chairman1.67yrsUS$185.00k6.29%
$ 1.8m
Dino Titaro
Independent Director2.92yrsUS$272.50k0.71%
$ 205.1k
Douglas Kirwin
Independent Director1.92yrsno data1.04%
$ 297.8k
James Polson
Independent Director2.75yrsUS$205.10k1.0%
$ 286.8k

2.7yrs

Average Tenure

Experienced Board: AVG's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 44.4%.


Top Shareholders

Company Information

Avidian Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Avidian Gold Corp.
  • Ticker: AVG
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$28.726m
  • Shares outstanding: 122.24m
  • Website: https://www.avidiangold.com

Location

  • Avidian Gold Corp.
  • 18 King Street East
  • Suite 902
  • Toronto
  • Ontario
  • M5C 1C4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AVGTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2017
AVGD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2017

Biography

Avidian Gold Corp. engages in the acquisition, exploration, and development of gold properties in North America. It also explores for silver and copper properties. The company holds 100% interests in the G ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 01:30
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.